IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 Amortisations, depreciations, AFT impairment losses, right of use, and Goodwill Amortizations and impairment losses for the financial year totalled 39.1 million euros, 19.8 million of which are related to amortisation of rights of use, which translates into a slight reduction of 0.2 million euros, compared to the corrected financial year of 2021. Regarding impairment losses, and given the different recovery rates per business sector, the application of distinct risks for the determi- nation of the fair value of tests carried out was maintained. Changes in consumption habits for particular locations, as well as greater difficulty in penetration of the delivery segment, led to an ac- knowledgement of tangible fixed asset recoverability losses of 11 res- taurants, worth 2.4 million euros. Additionally, and due to the swifter than anticipated recovery of airport traffic, the imparity on AFTs of the restaurants in the Malaga airport, which had been established in 2021, was reversed, for the sum of 1 million euros. EBITDA EBITDA from continued operations for the period rose to 61.2 million euros, which represents an increase of 26.7 million euros compared to the 2021 corrected. The total EBITDA margin was 17.2% of business volume, compared to 16.9% in 2021, corrected. 151